KATHMANDU, Oct 18: Commercial banks’ profit earnings in the first two months of the current fiscal year (FY) declined by 6.18 percent amid their slowing businesses and increasing non-performing loans.
The records with Nepal Rastra Bank (NRB) show that a total of 20 ‘A’ class banks and financial institutions secured net profits of Rs 16.59 billion during mid-July and mid-September of FY 2025/26, down from Rs 17.69 billion in the same period of the last FY.
Lending slows as banks focus on recovery of loans at fiscal yea...
Global IME Bank with earnings of Rs 1.62 billion topped the list of profit earners. Nabil Bank stood second with Rs 1.32 billion and Nepal Investment Mega Bank was in the third position, securing net profits of Rs 1.26 billion. Apart from these, Kumari Bank, Prime Commercial Bank and NMB Bank were successful to post net profits of more than Rs 1 billion.
In terms of growth, NMB Bank achieved a 32.14 percent rise in its profit, the highest of all. Himalayan Bank witnessed the highest decline of 68.26 percent in its profit, while Nepal SBI Bank had its profit declined by 33.59 percent.
Meanwhile, Standard Chartered Bank Nepal has decided to provide a 19 percent cash dividend to its shareholders. The bank’s Board meeting on Friday endorsed providing the aforementioned amount of dividend from its profit for the FY 2024/25.
